2024-02-29 01:15:02
The Ministry of Human Resources has announced the implementation of the annual financial compensation. Accordingly, social security beneficiaries will receive financial compensation for what was paid for the issuance of vehicle licenses, based on energy efficiency. It has been announced that the financial compensation will be divided into several levels.
The first phase: begins in 2023 AD and includes light vehicles and new ones from the 2024 model year. As for the second phase: it will be approved from 2024 and includes heavy and light vehicles in order for the decision to be applied to all vehicle models.
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As for compensation, it has been made clear that compensation for citizens will include the entire amount paid, and this matter will be done on 5 levels, with the value of each level between zero and 190 Saudi riyals.
This matter depends on the capacity and efficiency of the vehicle and the amount of fuel it consumes, in order to verify the absence of harmful emissions to preserve the environment and natural resources. The electronic vehicle platform was launched through the Ministry of Human Resources in order to provide the financial compensation that is included when renewing the vehicle license or when Issued for the first time.
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